Many firms and people in Japan still consider ESG a “box-ticking exercise,” resulting in cases of greenwashing, according to former Goldman Sachs Japan vice chair Kathy Matsui.

“ESG isn’t just a compliance exercise,” said Matsui, speaking to Bloomberg Television. “I believe that many companies, many people still believe it’s a box-ticking exercise, and hence we have seen greenwashing incidents here and there.”

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